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STRM - Streamline Health Solutions dips on ~$8.3M stock offering
Streamline Health Solutions Inc.
Streamline Health Solutions ( NASDAQ: STRM ) shares fell 4% premarket on Tuesday after the company announced a ~$8.3M stock offering.
The company entered into purchase agreements to sell 6,299,989 shares of common stock in a registered direct offering to certain investors at a purchase price of $1.32/share.
Gross proceeds to Streamline from the offering are expected to be approximately $8.3M. Proceeds from the offering will be used for general corporate purposes.
The offering is expected to close on or about October 26, 2022.